Housing transactions decline
The property market in northern Taiwan remained sluggish last month, as an index gauging the market climate fell from a month earlier. Citing a survey, Chinese-language Housing Monthly said the housing index for northern Taiwan fell 4.2 points last month, following a 5.1 percent increase in July, as housing transactions fell during Ghost Month, the seventh month of the lunar calendar. Meanwhile, the value of presale housing projects that came on the market totaled NT$50 billion (US$1.6 billion) last month, down from NT$70 billion in July, the magazine said.
Reserves reach new high
Foreign-exchange reserves hit a new high last month, largely on the back of an increase in returns on the central bank’s investment portfolio, the bank said on Friday. Data compiled by the central bank showed that the country’s forex reserves stood at US$468.17 billion, up US$939 million from a month earlier. The increase in its investment returns offset the effects of volatility in the equity market, the bank said. It was the third consecutive month in which Taiwan’s forex reserves reached a new high, the data showed.
Hon Hai posts record sales
Hon Hai Precision Industry Co (鴻海) saw its sales hit the highest-ever level for August in the company’s history, with analysts attributing it to it being the peak season. The company posted NT$398.82 billion in consolidated sales, up 0.2 percent from a month earlier and also up 0.51 percent from a year earlier, Hon Hai said on Thursday. In the first eight months of this year, Hon Hai’s consolidated sales stood at NT$3.01 trillion, up 3.89 percent from a year earlier. The eight-month sales figure also hit a record high.
PLANNED OUT: The government is lifting sale and export restrictions on 60% of the 20 million masks made daily, but people can still make purchases using their NHI cards Twenty thousand boxes of 50 masks each would be on sale at FamilyMart convenience stores starting tomorrow, Taiwan FamilyMart Co Ltd (全家便利商店) said yesterday. A box of 50 masks would cost NT$249 for those with FamilyMart memberships and NT$299 for those without, with no limits placed on how many boxes a person can buy, the company said. Convenience store chain operator Hi-Life International Co Ltd (萊爾富) said that it would also start selling masks from tomorrow. It has yet to announce details about prices and quantity. Hypermarket chain operator Carrefour Taiwan (家樂福) said that it would start selling packs of five
Delta Electronics Inc (台達電), the nation’s leading power management solutions provider, has signed an agreement to acquire Canadian software firm Trihedral Engineering Ltd to bolster its smart production efforts, it said on Saturday. Delta said in a statement that it would acquire Trihedral for C$45 million (US$32.68 million) through its 100 percent-owned subsidiary Delta Electronics (Netherlands) BV. Trihedral specializes in supervisory control and data acquisition (SCADA) and industrial Internet of Things software, which would strengthen Delta’s hardware offerings in fast-growing areas such as automation, artificial intelligence and data analytics, it said. “The collection, monitoring and analyzing of data are critical to Delta’s two
From the customer’s perspective, car rental is a straightforward business. The only uncertainty is whether the hire company will charge you for the scratch they discover when you hand back the vehicle. Hertz Global Holdings Inc’s bankruptcy protection filing on Friday last week was a reminder that today even the simplest business models are underpinned by a lot more financial complexity than meets the eye. The proximate cause of Hertz’s demise was of course the sudden collapse in bookings caused by COVID-19 travel restrictions. The company’s monthly revenue last month fell 73 percent year-on-year, a shortfall that even the most resilient
BOOSTING BUYING: A source said that the idea of pre-ordering vouchers online is being considered, but the preliminary plan is for people to buy them at post offices A stimulus voucher program to be rolled out next month to boost consumption would be available not only to Taiwanese, but also foreign nationals and Chinese spouses who hold residency permits, a source familiar with the matter said yesterday. The government is fine-tuning the details of the program, which involves issuing vouchers for in-store purchases to revive buying amid the COVID-19 pandemic. During a radio interview on Monday last week, National Development Council (NDC) Minister Kung Ming-hsin (龔明鑫) said that the plan is to allow anyone, regardless of age or income level, to buy NT$3,000 (US$99.89) worth of vouchers for